10 BOOKS EVERY MBA ASPIRANT SHOULD READ!

Raghav is a voracious reader.

From an early age, he was fond of reading and keeping a collection of different genres of books. The one who reads knows the importance of book reading habits, so he continued his habit of reading without any lag after getting into an MBA college. His book-reading habit helped him understand the qualities required by an MBA aspirant.

Now if the question strikes your mind, which books? you’re on the right track.

Let’s dive into the list of important books every MBA aspirant should read once:

1. “The Hard Thing About Hard Things” by Ben Horowitz

The author of this book, Ben Horowitz is a rap fan and also the co-founder of one of Silicon Valley’s most successful ventures, Andreeson Horowitz. In this book, he has stated that there is no specific formula for dealing with setbacks and has offered lessons from career path, on how to deal with things when they don’t go as per plan.

2.“The Innovators Dilemma” by Clayton M. Christensen

The author of this book, Late Clayton M. Christensen was a Business Administration Professor at Harvard Business School where he developed a theory of disruptive innovation. In this book, the author has explained the answers to the question of why success is difficult to sustain and how to systematically innovate it.

3. “Blue Ocean Strategy” by W. Chan Kim and Renée Mauborgne

The author of this book has explained that not every time it is important to match or beat your competitors, as there are always other options waiting for you.

4. “The Alchemist” by Paulo Coelho

In his book, Paulo Coelho, the author of this book has narrated the story of a boy with the fact that a recurring dream is a prognostic one. The theme of this book is to find one ‘s destiny. The book tells how one should pave the way to reach dreams.

5. “Rich Dad Poor Dad” by Robert Kiyosaki

In this book, the author has explained the importance of financial independence and wealth building by investing in real estate as well as ways of how one can increase financial intelligence to improve business and financial skills. The author has summarised his own story highlighting the different attitudes towards the money, work, and life of two men, as the title suggests- Rich Dad and Poor Dad.

6. “Outliers” by Malcolm Gladwell

In this book, the author has summarized various stories that become successful only when associated with hard work, dedication, and motivation and has stated the importance of timing, circumstances, and cultural heritage.

7.” Connect the dots” by Rashmi Bansal

This book is written keeping the Indian audience in mind. It consists of stories with the fact that everyone dreams big and many make it happen but how? That’s what the author has mentioned in her book.

8. “The 7 Habits of Highly Effective People” – Stephen R Covey:

This book is a set of guiding principles that helps one in bringing personal as well as professional change in becoming more effective. The seven habits that have been explained in the book are – to be proactive; to begin with the end in mind; to put first things first; to think win-win; to seek first to understand, then to understand, and in the end to synergize.

9. “Lean In Women, Work, and the Will to Lead” by Sheryl Sandberg

In this book, the author has mentioned the various issues faced by women employees in any firm like inequality at workplaces against women. She has also stated how women through small changes can empower themselves.

10. “Too Big To Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis “— and Themselves by Andrew Ross Sorkin

These books tell the story of people in finance and politics and how they deal with success, greed, and failure, which ultimately lead to the collapse of the global economy.

 Learnings from the above-mentioned books:

– Understanding the ways to deal with various  issues in a systematic manner

– Learning from real stories

– Importance of basic parameters like time management and teamwork etc.

– Understanding how every book adds value to an individual’s thought process.

MBA is one of the most hopeful decisions taken by a majority of students. Graduates after completion of their course are expected to work in various fields with a mind full of exposure. To work in diverse fields you need various employability skills. And to help develop that ability and skills like critical thinking, teamwork, leadership etc. Every aspirant is suggested to read a few important books which help the aspirations to build in those qualities.

Have you read any of these books?

Share your views in the comments!

Keep Reading, Keep Learning!

Ishita Jain

Batch 2022-24

Need of the Century- Vocal for Local, Local to Global

What was the first thing you always wanted during childhood and sought parents to let you play for a whole day?

Yes! You are right. It’s the ‘Toys’ and ‘Games’, your one and only means of entertainment.

Again, do you remember any toy shops which you usually went to? Every day they were your final destination where you want to go at any cost.

Moreover, how could you forget the importance of the Annual Fair? Although there were multiple shops locally. But every year, you eagerly waited to visit the local fair.

Do you remember the massive crowd at the fair? They enjoyed rides, balloons, equipment, clothes, and food stalls. Here you find toys in abundance, along with lots of entertainment. Whenever you hear about an upcoming fair, it makes you full of energy and excitement.

Also, with time, we learned about different fairs, such as the Art fair, Festival fair, Science fair, Health fair, Cultural fair, Trade, and Tourism fair. These are different types of fairs, but what happens if they are all combined in a single place?

Suppose I visualize this situation as a student of Business School. Then in this state, the local market may indulge in business activities to fulfill the concept of demand and supply. Eventually, this leads to the circular flow of money to the economy.

Indian government knows it very well and consistently supports these activities along with their plans and policies to strengthen India’s economy.

Now we are moving to the next phase, where I like to brief you about my recent visit to India International Trade Fair-2022.

It was an official visit conducted by India’s reputed “ICFAI Business School-Gurgaon”. As a student of IBS Gurgaon, I got this once-in-a-while opportunity to visit the “India International Trade Fair-2022” and to represent my B-School. It was a mesmerizing visit full of happiness and excitement.

It allowed us to witness global diversity in one place. It provided me with a platform to connect with well-recognized brands famous for their handmade artifacts, spices, agricultural products, and other antique elements worldwide. 

Moreover, before moving towards my personal experience and learning outcomes from this visit, I quickly introduce you to the India International Trade Fair-2022 and the reason behind it.

India International Trade Fair (IITF) is one of the world’s biggest and most opulent trade fairs, where lakhs of people visit yearly. This event provides a platform for manufacturers, traders, exporters, and importers to showcase a exclusive range of goods and services, including automobiles, textiles, households, food, pharmaceuticals, telecommunication, and engineering goods.

It was the 41st edition based on the theme “Vocal for Local, Local to Global” organized by India Trade Promotion Organization (ITPO) from November 14 to November 27 at Pragati Maidan in New Delhi.

The India Trade Promotion Organization (ITPO), is a premier trade promotion enterprise of the Ministry of Commerce & Industry, Government of India. Its mission is to promote, facilitate, encourage and coordinate various activities and programs to enhance India’s share of exports.

Since 1980, this Trade Fair has become a significant global event for business and economy. Every year, it attracts huge amount of visitors and investors.

Till here, you understand the importance and relevance of this trade fair from an economic point of view.

After this, let’s move to my personal experience and learning outcomes from this Trade Fair.

In this formal visit, my job is to interact with multiple personalities and gain as much knowledge as possible.

After I entered the premises, I noticed 12 overseas participants, such as Afghanistan, Bangladesh, Bahrain, Belarus, Iran, Nepal, Thailand, Turkey, the UAE, and the UK. Therefore I decided to start with International stalls.

Fortunately, I interacted with a person named Mohammad Husain from Belarus. He diligently showcased his stall, consisting of homemade anti-craft. Also, he explained how his great-grandparents indulged in this field and carried this art with them and how his generation works to fulfill the modern demand with innovation and smart work.

Moreover, I met Mr. Mert Yavuz, from Turkey. He had a stall of Turkish Mosaic Lamps, full of deep and rich design providence, creating a warm and romantic atmosphere. He briefed me about the cultural history of these lamps and the growing demand globally.

After that, I moved toward the state’s region, where I met Mr. Tushar Yaduvanshi. He is an entrepreneur who owns a food processing startup. He clearly explained the challenges of the pandemic and how they managed to sustain their startup during hard times, whether it is the factor of production, the concept of supply and demand, the logistics, government policies, etc.

Afterward, I interacted with Mr. Himanshu Tripathi, an employee of a Robotics Company in Uttar Pradesh. He showcased the new 3-D Printing Technology and its practical implications, such as Organ cloning, 3-D prototype of any model, any useful accessory, etc.

Moreover, they have a Robotic Arm known for its precision in any feasible task.

Then I moved towards the next hall, where several ministries set up different stalls. Here the Ministry of AYUSH has highlighted their theme of “AYUSH for Global Health” along with several initiatives in Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy.

Similarly, every ministry came up with its historical achievements and innovative plans. But I was more attracted to the Ministry of Indian Railways. The ministry’s representatives took us for a walkaround of their stall. They showcased the start of the Railway and its evolution. Meanwhile, they also showcased the Highest Rail Bridge of the Chenab River and the Longest Bogibeel Rail Bridge. Also, the Indian Railway has started working on High-Speed Transportability through Dedicated Freight Corridors and an increased network of Rail Lines.

Overall, it was an informative, educational visit that greatly impacted my thinking perspective. This International Tade Fair gave me global exposure through stalls and brand representatives. I was overwhelmed to witness the unusual antiques and to meet the person behind them.

Due to this formal visit, I could interact with the senior officials of different Indian industries like JSW Steel, Relaxo Footwear, Steel Authority of India Limited, National Jute Board, etc.

These visits helped students to familiarize themselves with the corporate world and company culture. Also, how companies differentiate themself from others and how they run their business to sustain in this competitive world with the practical implementation of the Business Fundamentals.

Himanshu Gurjar

22BSP0623

Placement Scenario at IBS- Gurgaon (Class of 2023)  

Campus placements can be probably the most exciting and great experience at B- Schools. Placements are the gateway to enter dream company with dream profiles. This is the time that decides how students will move forward in their career. Will the students get a good profile? Will the dream company be part of the MBA campus placement drive? Are they ready to face corporate world? These are the questions which revolves around B- schools and students also do ask these questions to themselves.

For class of 2023, IBS started campus placements from October 2022 and before opening doors for corporates, we prepared students towards campus placement processes. Students cleared certifications in Credit management, Valuation and consulting, Banking, Digital marketing, Taxation, Sales and marketing, Power Bi, SQL etc. 

At IBS we follow a system where different sectors are invited for campus placement. Sectors like Consulting, Financial Services, IT/ITES, Banking, Retail, E-commerce, Media etc. are part of campus placement process. Every year we witness Increase in CTC with quality profiles and more number of Blue chip, MNC companies from diverse sectors hiring bulk candidates based on previous student’s past performances. Top sectors in Placement 2023 were Consulting, IT/Analytics, E-Commerce, Finance etc. Top roles offered include in the areas of Consulting, Finance, Analytics, Research, Product Management, Logistics, Supply Chain etc.

30-35% of our students were absorbed in consulting followed by IT/ITES. At IBS Gurgaon for class of 2023, we had more than 200 companies for 460 students with average CTC of 7.6 LPA. Some of the companies who hired are KPMG, PWC, Bain & Co, Cognizant, Deloitte, Gartner, CITI, HCL, Blackrock, CBRE, Cushman & Wakefield, VE Commercials, Evalue-serve, EY India, RSPL, Moody’s, Radio City, O2 Power, Go-MMT, Aditya Birla, Sony India, OPPO, Tata Capital, Bajaj Housing etc.

We work hard towards preparing students for campus placements and because of that we place close to 98% student’s year on year.

Challenges faced by Businesses

ChallengesIndia has attained the status of fastest growing economy in the world. Implementation of GST from 1st July, 2017 is expected to lend further momentum to the growth trajectory. Despite several favorable factors, such as, low level of inflation, subdued global energy price scenario, strong fiscal consolidation of central government finances, low current account deficit, higher agricultural output, growing FDI, and higher wages in rural areas, certain sticky constraints arresting Indian growth story refuse to abate.

The most worrisome of these developments is the declining trend in gross saving and investment. The gross savings as percentage of GDP has fallen from 34.7 in 2011-12 to 29.8 in 2016-17. During the same period, gross investment has shrunk from 38.9 percent of GDP to 31.3 percent. These trends have significant implications for capacity of Indian economy to create fresh jobs in rural and urban India. They also create a wedge between the real and financial economy. Within this overall scenario, the decline in private sector investment is critical and needs strategic intervention. It has also severely affected the credit growth of banking sector, as corporate India refused to take investment calls and the growth of credit in the world’s fastest growing large economy was just 9.4% during 2016-17, a 53-year low.

The state of balance sheet of corporate sector, their declining bottom line and falling credit appetite have serious implications for the profitability of banks and (falling) prices of banking stocks. Put together, these developments shape the investment climate. Analyzing these developments, Financial Stability Report of RBI released on 30th June, 2017, concludes as follows:

“Weak investment demand, partly emanating from the twin balance sheet problem (a leveraged corporate sector alongside a stressed banking sector) is a major challenge. Retrenchment of credit by public sector banks is partly offset by NBFCs, mutual funds and the capital market but they cannot fully substitute for banks in a bankbased financial system like ours. Hence, steps to restore the health of the banks assume urgency.”

The concerted movement by the Government and RBI to fight black money, fake currency and terror financing, although laudable objectives, produce certain unintended consequences. Banks are still fighting with the adverse effects of demonetization on demand generation, credit delivery system, supply chain management, and logistics.

In addition to this, there are legitimate concerns about how markets would react, given uncertainties in the global economy, weaker exports, and the possibility of capital outflows.

India has experienced several highs and lows in the last year. Businesses faced several impediments in the form of excess capacity, regulatory and policy challenges, and rising corporate debts resulting in the slow growth.  Private sector firms are also facing several internal problems such as leadership issues, IT sector downsizing etc. Startups are functioning on weak business model.  On the other hand many other sectors– like Steel, Telecom, and Aviation are facing huge losses because of excess capacity, cut throat competition resulting in outright losses or low operating margins.

Government and RBI seem to be having different perspectives on various issues like interest rate, agricultural loan waivers and measures to stimulate demand and private investment. While Ministry of finance seems to be looking for a reduction in Bank Rate to stimulate investment, RBI is according higher priority to hold rate of interest for the present to contain inflationary expectations

 RBI Governor has opined that loan waivers engender moral hazard. A debt waiver solution to farmers only provides short-term relief generally not to distressed and small farmers but large farmers who have cornered disproportionate gains of green and white revolution.  It also leads to a bad credit culture, besides exerting pressure on state finances.

India now stands at a critical juncture and progress is required on many fronts. Many studies undertaken by international bodies have concluded that Indian economy is expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025. We have to marshal all possible resources and ignite the proverbial animal spirit of our entrepreneurial class to make it happen.

Prof S.C.Sharma, Director, IBS Gurgaon

The Annual Quiz of IBS Kolkata Coverage in T2 of Telegraph

q1From questions on Cars to questions on Technology, there was almost every topic covered for all the Quiz lovers out there in the Quiz which was organized by IBS KOLKATA that was held in Rotary Sadan on Friday.

There were 40 teams who were all excited to participate in the Quiz. The colleges who participated were Presidency University, Medical College,Jadavpur University, Loreto College,Indian Statistical Institute to name a few. The students showed such great enthusiasm that students poured in from outside Kolkata to participate too.This was the 8th year of the Quiz being conducted by IBS Kolkata for the Undergraduate Colleges. q2

The Quiz started with the prelims followed by many interesting rounds till the final round. The final round was a thrilling nail biting round. Techno India aced the Quiz and won the First Prize and were elated.The Team comprised of Debaswini Dey, Samanway Banerjee and Nirjhar Guha Thakurata. Indian Statistical Institute students Dipanjan Pal, Arnab Auddy and Rupam Bhattacharya grabbed the Second Prize followed by Presidency University students, Dibyayudh Das,Ritwik Ghosh and Arunabha Banerjee who came third.

As  Leonardo Da Vinci said, “The knowledge of all things is possible”  So keep Quizzing….

IBS Business School, Kolkata

CII Western Region Edge farm HR Case Study Writing Competition, 2015 – 2016

DSC_6678CII Western Region organized the first Edge farm HR Case writing competition in 2014- 2015.  This competition has been conceptualized to increase the range of cases available for teaching at B schools in the Indian business context.  The core team Edge farm is headed by Mrs. Rani Desai, Chief People Officer, Deloitte.  She is supported by Mr. Prashant Verma, Member Core team, Edge farm, Joint General Manager HR, ICICI Bank.  One entry from IBS Gurgaon reached the finals in 2015:  “Home to Hearth: A case for Women Entrepreneurship” authored by Dr. Shalini Khandelwal and Prof. Jean Saldanha.  It was presented at the finals in Mumbai in Feb 2015, by Dr. Shalini Khandelwal.  It was later published in the Corporate Citizen Magazine.

For the 2015 – 2016 competition, 2 cases from IBS Gurgaon reached the finals:

  1. “Yes to Human Capital Optimization and Engagement for Achieving Business Excellence” by Dr. Shalini Khandelwal and Dr. Reshmi Manna ( secondary data) and
  2. “Compostwali of the Daily Dump: A Catalyst for Transformation and Cultural Change” by Prof. Jean Saldanha and Ms. Hempriya Banga ( primary data) .

DSC_6687Both cases  were presented in Mumbai on Feb 26, 2016 for the final evaluation.  There were 5 cases under primary data and 5 under secondary data, presented at the event.  The esteemed jury was headed by Mrs. Usha Thorat, Retd Dy. Governor of the RBI.  Other members of the panel were Dr. Asha Bhandarkar, Dean and distinguished professor, IMI Delhi, Mr. M.S. Mani, Senior Partner, Deloitte, Dr. Gautam Sinha, Director, IIM Kashipur, Mr. K. Ramkumar, Executive Director, ICICI Bank, and Mr.  Bigyan P. Verma, Director, GNIMS Business School.  Other participating B Schools included IIM Trichy,  Symbiosis Institute of Business Management,  Bangalore, IIM Indore,   Kohinoor Business School and L.N. Welingkar Institute of Management.

The case “Compostwali of the Daily Dump: A catalyst for Transformation and Cultural Change”   authored by Prof. Jean Saldanha and IBS student Ms. Hempriya Banga won the first place under the primary data category.  CII has advised that they will be publishing this case in the Corporate Citizen magazine within a few months.  The case study is based on the business run by PBK Waste Solutions Pvt. Ltd, Bangalore, which drives the segregation of domestic waste and recycling it into compost.  The case has brought attention to the serious problem of garbage piling up in our cities, how we cannot afford to ignore it any longer and how the solution needs to be found at every level.  The manner in which the organization is run by the protagonist and the manner in which mindset change and transformation has been achieved in society were the focus of the case.

DSC_6774All case writers were questioned and given feedback by the jury.  The winning case was given inputs from Mr. Ramkumar on how it could also be positioned as an entrepreneurship case if it was modified slightly, with additional business data;Dr. Bhandarkar suggested that it could be rewritten in the Ivey format for greater acceptance and Dr.Verma suggested that large scale commercialization should be suggested. The author would like to highlight that, after presenting the case, Mrs. Usha Thorat, retd. Dy.Governor of the RBI has taken details regarding composting and indicated her intention to start the activity and the Director of IIM Kashipur has shown keen interest in incorporating the community waste solutions highlighted in the case, at IIM Kashipur.

BIG DATA DEMYSTIFIED.

big-data-black
Did you know that every minute over $300,000 is spent on online shopping, over 7000 photos are updated online and over 600 videos are updated on YouTube every day? The amount of data in our world is exploding and this is what we call as BIG DATA.

Big data is a buzzword, used to describe a massive volume of both structured and unstructured data. It is so large that it is difficult to process it using traditional database and software techniques. Mobile is everywhere – more people have a cell phone than running water and 25% of the world will be on a social network – that’s what created all of this big data. We go for shopping in a store, we purchase, do the billing and this also becomes a part of Big Data.

Datasets grow in size because they are increasingly being gathered by cheap and numerous information-sensing mobile devices, aerial (remote sensing), software logs, cameras, microphones, radio-frequency identification (RFID) readers, and wireless sensor networks. To extract meaningful value from big data, you need optimal processing power, analytics capabilities and skills.

What is the Impact of Big Data and how has it transformed businesses to be future ready?

Every day social media is abuzz with communication around brands. Thousands and thousands of likes are recorded, comments posted, tweets and retweets sent out, images clicked and shared on Instagram, posts curated and pinned on Pinterest, video shared, viewed, liked, and left midway, to name a few things that social media adds to the variety of big data. Big Data also lets ecommerce businesses create more personalized offers and communications. Big Data enables merchants to track each user’s behaviour and connect the dots to determine the most effective ways to convert one-time customers into repeat buyers.

Thus, insights from big data can enable all employers to make better decisions – deepening customer engagement, optimizing operations, preventing threats and fraud, and capitalizing on new sources of revenue. Big data analytics provides a deeper customer understanding which translates to a sustainable competitive advantage for the future. Big Data skills include natural language processing and text mining, and familiarity with Clojure, Scala, Python, Hadoop and Java; also useful are data mining skills with tools like R and Mathlab; finally, look for scripting and functional language skills with Erlang and new database development skills with such rarities as Cassandra and Couch DB.

To conclude, big data is simply large amount of data, which is getting generated at a fast pace in variety of situations. It is getting trendy due to rapid technology changes. The scope of being a Big Data analyst is high and currently, out of the employees required for Big Data analysis, only 1/3 are hired and working.

big dataContributed by : Anukriti Jain (Student of 2016 at IBS Gurgaon).

IBS GURGAON CONVOCATION – 2015: Welcome address by Prof S C Sharma, Director, IBS-Gurgaon

Here is the text of the welcome address delivered by Prof S C Sharma, Director, IBS-Gurgaon during the IBS GURGAON CONVOCATION – 2015.

Prof S C Sharma, Director, IBS Gurgaon

Honorable Chief Guest Dr Mangu Singh, Managing Director, Delhi Metro Rail Corporation, Guests  of Honour Mr Vaibhav  Srivastava, Chief Executive officer, Zerone Technologies and Mr Mridual Srivastva, Vice President, Human Resources, Hero financial corporation, our highly respected guest Wing Commander Mr R R Reddy, distinguished guests, learned members of faculty, dear graduating students and their accompanying parents and guardians, ladies and gentlemen,

It is indeed a matter of distinct privilege for me to extend a very warm welcome to our Chief Guest Dr Mangu Singh Managing Director, Delhi Metro to this convocation ceremony. Dr Mangu Singh is a well known personality and is a symbol of excellence and outstanding accomplishment in the field of urban infrastructure, particularly Rail Transport planning, developing innovative monitoring systems leading to setting up of new standards for program execution and management.

Dr Mangu Singh graduated in civil engineering from University of Roorkee (now IIT Roorkee) in 1979 . Thereafter, he got into the Indian Railways Services of Engineers (IRSE) in  1981 .

Dr Singh joined Delhi Metro Rail Corporation (DMRC) in 1997 in the capacity of Chief Engineer/Chief Project Manager and moved upwards to the positions of Executive Director, Director (Works) and has been Managing Director since December, 2012.

Dr Singh is also a recipient of various prestigious awards and honours like the National Award (Railway Week Award 1996) for his contribution in completing the Kolkata Metro Rail Project, distinguished Alumni Award – Global Meet IIT (Roorkee) 2007 etc.  and Engineer of the year award 2012 by IEI. Dr Singh has published/presented many technical papers in National and International Journals/Conferences etc.

We are deeply grateful to you, Sir, for finding time to be with us as Chief Guest for this august ceremony.

Our young graduating students have been keenly waiting to hear your journey in one of the most prestigious institutions in the country and how you have made a difference through the sheer grit of your personality and persuasive ways in getting the best out of people and material resources around you.

It is my pleasure to  extend a very special welcome to Wing Commander Mr Raghunath Reddy, Registrar IBS who has flown from Hyderabad to be a part of this celebration. Mr. Reddy has been rendering a very valuable and priceless service to IBS. The range and depth of his contribution to IBS during last fifteen years is beyond description. His invigorating leadership echoes in every sphere of this great institution and helps it in soaring higher and higher levels of all round success.

I extend a very welcome to our two distinguished guests of honor from industry Mr Vaibhav Srivastva and Mr Mridul Srivastva .

Mr Vaibhav Srivastva is an engineer and Masters in Business administration  and has around 15 years of standing in corporate world. He has been CEO of 5 companies in Qatar and Dubai under AL Sulaiman Holdings. He brings with him sound experience of sales, business development, product management and business planning.

Mr Mridul Srivastva , is currently heading  HR Department of Hero Financial Corporations He has 11 years of experience in several sectors  including hospitality , real e state  and NBFC. He has been extensively promoting the use of E-Learning and blended learning throughout the organization.

We extend a very warm welcome to our distinguished guests Dr S K Kaakran and Dr O P Gupta, former Director IBS Gurgaon .

We are also deeply appreciative of the presence of parents, guardians and friends of our graduating students. Many of you have made great efforts to join us today. Our most grateful welcome to everyday.

It is a matter of great honor for me to be a part of ICFAI Group and IBS family.

It would be contextually relevant to share briefly the journey and accomplishments of this great institution which has redefined the concept of management education in India and made perceptible impact on the life and career of thousands of students in the country through a vast pan- India network of 11 universities and 9 IBS Campuses located at Ahmadabad, Bangalore, Dehradun, Gurgaon,Hyderabad, Jaipur,  Kolkata, Mumbai and Pune.

The IBS campuses offer two year, full-time Postgraduate Program in Management and continuously endeavor to meet the changing needs of corporate and businesses.

Since its inception, IBS has been consistently ranked among the top Business Schools of India providing excellent academic delivery and transforming the students into leaders for the future.

IBS Gurgaon pass-outs have been in ever increasing demand and very many of them  are holding senior positions in large number of companies and business organizations covering almost all major sectors of economy including IT, Banking and insurance, Analytics and consultancy, credit rating, digital marketing and marketing research, micro finance, etc.

I congratulate the dear graduating students and their proud parents. It is a great day, one we have been planning and waiting for. It is gratifying to look at all the familiar faces of class of 2015.

My dear students, in many parts of the globe convocation ceremony is called commencement. It is a unique moment to look through the memory lane of the years gone by and also to look ahead at your dreams.

The great Chinese philosopher Confucius once said,” By three methods we learn wisdom: first by reflection, which is noblest; second by imitation, which is easiest; and third by experience, which is bitterest.

I have also contemplated on my life and career and felt that a few thoughts might be of some relevance.

Firstly, Graduation is not the end of learning. In fact, your onward journey is bound to provide ample situations necessitating validation of the utility of past learning in grappling with the problems encountered in daily life, both at work and beyond. In the light of your experience you have to initiate the process of unlearning and relearning.

It must be appreciated that all forms of education and knowledge is aimed at making life more meaningful and productive. We have made all possible efforts to share with you knowledge and skills and trained you in the art of knowing the unknown and dealing with it deftly.

Secondly, in the coming years and decades many things will change. You may switch over to a new company with a different profile. Your superiors may be professionals with markedly different skill set with wide variety expectations from you.

The nature of challenges in the market place may undergo huge transformation swinging from buyers’ market to sellers’ market, from domestic market to global market, from boom to burst and so on.. In this ever changing scenario characterized by hope and despair, a few things will always be helpful.

The keen desire to add value by being an effective team player, a leader, a researcher ,an analyst- all rolled in to one with an infinite capacity to adjust, negotiate, reconcile and innovate  are some of the attributes of successful professionals .  You must strive to remain relevant in all situations.

These qualities will endear you to all people you would come across in your long and versatile career.  My dear students please appreciate that every change presents opportunities. Develop the third eye of wisdom which would enable you to discern opportunities in every challenge.

I am sure our Chief Guest would touch upon this subject during his Convocation Address.

I wish the graduating students all the very best in all their endeavors. You would be our ambassadors for all times to come.

Today you also graduate from being a student to becoming alumni. We value our alumni as much as our students. We would be very happy if you continue to be in touch with us. Many of our alumni visit their Alma meter as guest speakers; share their experience and success stories. They become a highly credible and perennial source of inspiration for the students.

I once again extend a very warm welcome to our Chief Guest, Guests of honor and all those who are a part of this great ceremony.